Universal Technical Institute Inc (NYSE:UTI) Receives Consensus Rating of "Buy" from Analysts

Universal Technical Institute Inc (NYSE:UTI - Get Free Report) has been assigned an average rating of "Buy" from the six brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $35.83.

A number of equities research analysts have recently issued reports on UTI shares. Truist Financial boosted their target price on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Lake Street Capital restated a "buy" rating and issued a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, June 12th. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, May 8th. Finally, B. Riley started coverage on Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 price objective for the company.

Universal Technical Institute Trading Down 1.3%

Shares of UTI stock opened at $34.30 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. Universal Technical Institute has a 1 year low of $13.99 and a 1 year high of $36.32. The stock has a fifty day moving average of $32.28 and a two-hundred day moving average of $28.64. The firm has a market capitalization of $1.87 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.19 and a beta of 1.61.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.07. Universal Technical Institute had a return on equity of 21.40% and a net margin of 7.34%. The company had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. As a group, research analysts expect that Universal Technical Institute will post 1 EPS for the current year.

Insider Transactions at Universal Technical Institute

In other news, COO Todd A. Hitchcock sold 27,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the transaction, the chief operating officer now directly owns 80,521 shares of the company's stock, valued at approximately $2,686,180.56. This represents a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George W. Brochick sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the transaction, the director now directly owns 32,516 shares of the company's stock, valued at approximately $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,805 shares of company stock valued at $1,116,995. Corporate insiders own 15.10% of the company's stock.

Institutional Investors Weigh In On Universal Technical Institute

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Universal Technical Institute by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock worth $78,392,000 after acquiring an additional 306,984 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Universal Technical Institute by 58.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company's stock worth $75,101,000 after acquiring an additional 1,077,076 shares during the last quarter. Dumac Inc. bought a new stake in Universal Technical Institute during the 4th quarter worth approximately $43,236,000. American Century Companies Inc. grew its position in Universal Technical Institute by 38.1% during the 1st quarter. American Century Companies Inc. now owns 1,343,822 shares of the company's stock worth $34,509,000 after acquiring an additional 370,660 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Universal Technical Institute by 0.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company's stock worth $30,566,000 after acquiring an additional 6,743 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.

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